Commercial Lines

With rates rising in many commercial-insurance linesalthough not uniformly across all linesrisk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis chief executive says.

Wildfires in New Jersey and New York are prompting warnings of an active fire season because of unusually dry conditions along the East coast coupled with record high temperatures in March.

Commercial, P&C and specialty carrier CNA says it has developed a new kidnap, ransom and extortion product to cover a wide range of security-related risks.

Commercial, P&C and specialty carrier CNA says it has developed a new kidnap, ransom and extortion product to cover a wide range of security-related risks.

Unfavorable prior accident-year reserve development and $10 million in catastrophe losses forced Progressive Corp. income down 44 percent for the month of March.

As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.